the president weighing in on the impact of deep sea glass night. >> the release of. >> deep sea ai from a chinese company, should be a. >> wake up. >> call for our industries that we need to be laser focused on competing to win, because we have the greatest scientists in the world. >> so again, the president calling deep sea a wake up call. and as you wake up today, we are seeing a bit of a rebound when it comes to futures. take a look. we're in the green across the board this morning. big switch from what we saw yesterday. so right now take a look at the s&p up about 24 points right around a third of a percent. the dow essentially flat up about 50 points. the nasdaq the biggest gainer up over a half a percent right now in the premarket or roughly 150 points. we want to take a look at some of the biggest premarket gainers right now. and again, we are seeing a rebound on wall street. take a look. these are the s&p gainers a lot of the stocks that fell yesterday rebounding today. so arista networks up about 6%. this is an ai infrastructure play is one of the names that was hit hard yester

you can see the deep sea new model. it's super impressive and it's super compute efficient. >> we're not just about managing information. we're about supplying digital workers. now we're. >> making this. >> transformation of digital labor. >> it is 5. >> a.m. here at cnbc global headquarters. welcome to worldwide exchange. >> here is. >> your. five at five. futures are mixed after a turnaround tuesday on wall street. we're going to dig. into the aftermath of that deep sea fueled selloff. front and center today big tech earnings with deep sea could mean for. >> tesla. >> meta and microsoft. >> also new. >> reports this morning microsoft is probing. >> deep c its roots. >> and possible. >> unauthorized access to its data. and counting down to the fed decision. today and what jay powell might say about trump's first two weeks in office. and no spending struggles here. the global chip giant seeing a big stock surge. it is wednesday, january 29th, 2025. you're watching worldwide exchange right here on cnbc. good morning. tha

. >> of deep. sea putting. >> pressure on us mega-cap. >> tech names, taking a look at futures we mentioned. >> deep in the red this morning. the s&p down 123. >> points or just. >> about 2%. the dow. looks like it would open. about 370 points lower. the nasdaq the hardest hit. >> on a percentage basis. >> down more than 700 points. >> down more. >> than 3% on. >> a percentage basis. we want to look at the nasdaq 100 laggards right now. >> taking a look. >> you will. >> see a lot of tech names, a lot of. chip names on. >> this list. >> right here at the top though, we see constellation. >> energy those shares. >> down just about 11%. >> followed by. asml again. >> a chip name down double digits. same story for nvidia. >> again down double digits largely on that deep seek news broadcom and marvell. >> technology the bottom. >> four here all chip names. we want. >> to look at mega-cap tech as well. >> also under pressure along with the. chip trade. again on those reports that deep seek. >> a. >> china ba

a day after being hit hard in the deep sea sell off.l after the turmoil we saw on wall street yesterday, we're seeing some stabilization in europe today. investors pausing for breath, it would seem, as they digest and try to analyze what this the emergence of china's low cost rival to the ai tech giants in the us. deep tech means moving forward. you've got the stoxx 600, up 0.5% around the 532 level. as for the individual bourses, here's where things stand. about an hour and a half into the trading session. it's green across the board ftse 100 in the uk up half a percent. the xetra dax up 4/10 of a percent. cac40 and the footsie mid. over in italy both trading higher as well. in terms of the sectors here are the leaders in europe this morning. you've got retail up 1.9%. utilities also bouncing back. a lot of focus yesterday on the power generation sector in the us. we saw massive selling in europe as well on the basis that if we are seeing more efficient ai models, will we actually need as much energy as previously thought? now, there i

we know now what deep sea proved is that these models and open source. nonetheless, i want to stress how important it is that deep six model is. open source can be built for a fraction of the price, whether that's 6 million or 60 million. that is far less than the hundreds of millions or billions of dollars that openai, gemini, google and others have poured into this. so i think that's also maybe why you're seeing meta in the positive today, because it's also working on open source matters. in fact, i can't remember who it was. one of the people we spoke to in the valley on this said that meta is probably racing right now to figure out what deep sea did and build on top of it. and so there's a new race that started in open source development, which is really key there. and that's why the companies that were working on closed source models, like an openai, real questions about their moat. and, tavis, this all gets into this big pivot that's happening in the ai space from the massive clusters that were required to train these models to the ones that can do

ai in china versus ai in the united states. >> deep sea. one of. >> the companies within china. >> it's been reported at least, that they have a cluster of 50,000. >> nvidia gpus. >> deep sea. >> their model is actually. >> the top. >> performing, or roughly on par with. >> the best american models. >> you can see the deep sea new model. it's super impressive and it's super compute efficient. >> we're not just about managing information. we're about supplying digital workers. now we're making this transformation of digital labor. >> welcome back. a volatile week already in the markets as tech earnings and the fed meeting loom large in the days ahead. one of the biggest trends in the market over the past couple of years has been the growth in alternatives. they are the focus of the ai connections conference in miami. caitlin mallin is ceo and joins me now. it's nice to see you. looks nice down there. >> yeah, it's nice down here. a little bit of a breeze. good to see you, scott. >> can you give me an idea of who exactly has gathered there an

as all the deep sea stuff was happening. deep sea, deep sea is not new either. by the way, the v3 model, the base model was actually released in in on december 26th. like none of this is new. none of this is surprising to any of the large us guys that are spending all this money. they're spending it anyways. >> yeah, but. >> i mean. nvidia's future in some respects is. leveraged to the development, the production and the success of blackwell. if the company is telling you it's i'm going to read a comment from a spokesperson at nvidia, which i think. speaks to this, and we can discuss on the other side where they say deep sex work shows how new models can be created, leveraging widely available models and compute that is fully export control compliant. now, you can read that and say, well, is the company admitting that you don't need the latest, greatest, most expensive chip to do what deep seek appears to have done? >> no, no, i don't think that's what they're so they're making a statement on china here because that that came out of china. but look, you're going

then as deep sea shakes up the eye stocks. i've got salesforce ceo to get a better read of the landscape for tech. hey, maybe he wants to bury the hatchet with microsoft. you never know. plus, i'm checking in with ceo of sap to get a closer look at what's powering growth for that german software player. one of our super seven out of europe. so stay with cramer. >> don't miss a second of mad money follow jimcramer on x. have a question. tweet cramer hashtag mad mentions. send jim an email to madmoney.cnbc.com. or give us a call at one 800 743 cnbc. miss something. head to madmoney.cnbc.com. don't miss madmoney.cnbc.com. don't miss the cnbc ♪ (action music) ♪ woah! i can't do it! agh! cut! this gap! it's just too big. bring on the double! aflac! after my hospital stay, aflac helped close the gap by paying me cash for expenses health insurance didn't cover. nothing covers gaps better than the aflac duck. aflaaaaac! aflac. get help with expenses health insurance doesn't cover. find an agent, get a quote at aflac.com. you do look l

deep sea.. it's creating a huge opportunity if you look at it moving forward. so what we expect in the next few months is that a lot of people will want to grab this opportunity. we want to play in this business, so we are going to see a lot of new players. and that's maybe what we saw this week. >> lvmh shares trading in the. >> discount bin as. >> the group's fourth. >> quarter earnings failed to impress, falling short of big beats from peers in the sector. european equity markets move higher. the stoxx 600 and germany's dax notching fresh records ahead of. >> an. expected rate. >> cut. >> from the ecb tomorrow. >> and u.s. futures point to tech outperformance as investors await the first fed decision of the new year and a slew of big tech earnings. while markets continue to heal their wounds. in terms of the action we're seeing this morning, you've got the stoxx 600 hitting a new record high. the benchmark is up half a percent this morning. a ton of focus on earnings today, in contrast to th

at least the buzz about deep sea started growing last week, if you remember.even captured the attention of some leaders at the world economic forum in davos. take a listen. >> we should take the. >> development out of. >> china very, very seriously. >> what we found. >> is that. >> deep sea. >> which is the. >> leading chinese. >> ai lab. >> their model. >> is actually. >> the top performing. >> or roughly on par with. >> the best american models. >> if the united. >> states can't. >> lead in this technology, we're going to be in a very bad place geopolitically. >> here, with more on the state of the ai arms race, is xia, the ceo of ai consulting firm santo and senior policy advisor at the goldman school of public policy at uc berkeley. appreciate the time this morning. the street is really at a loss on some of these questions, specifically about this $6 million figure. some elements of the street research today just sort of discounts it outright. do you? >> i definitely don't. >> i mean, the. >> major introduction that came with deep sea r1 is not a massive n

deep sea likely. excuse me. deep sea likely connected to the chinese government.you download this app, really don't give it your data. there's just too much mystery around this. and we know from tiktok that that is at least controversial, if not absolutely taking your data. red note is the same. this is an app that really is untested and we just don't know. so download it and be careful if you're going to download it at all. download beware. okay, this is a new thing okay. thanks, scott. you bet. also tonight we're celebrating 50 years of music on saturday night live. we're taking an in-depth look at some of the show's most legendary performances and iconic musical moments. the new documentary, ladies and gentlemen, 50 years of snl music, directed by questlove. it premieres right here on nbc bay area tonight. initially, you know the beginning. i think i was just going to compile, like maybe the 50 best performances on the show, and i realized there was way more iconic comedic moments musically on the show, like surpassing just the legendary performances. music pla

you can see the deep sea new model.super compute efficient. >> we're not just about managing information. we're about supplying digital workers. now we're the way i approach work post fatherhood, has really trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. granger for the ones who get it done. >> welcome back. >> nvidia is once again the talk of the day. >> it's the stock of the day. >> it's now down more than 6%. >> there are. >> new reports just a few moments ago that the white house. is considering tightening curbs on their china sales. of course, this comes as the ai ai trade tries to find its footing post deep seek, and the internet giant alibaba is. >> out. >> with a. new ai model of its own, which it claims outperforms. deep

deep sea causing deep concern on wall street with nasdaq seen opening more than 3% in the red as the chinese budget i model forces investors to reevaluate big tech spending on ai. european equities are caught in the sell off, with all majors in the red. chipmakers and data center providers suffering the bulk of the pullback. thousands of palestinians returned to their homes in the northern gaza strip as a fragile ceasefire holds, while the us president proposes a clean out of the area, calling on egypt and jordan to take in. 1.5 million people. and ryanair cuts its. passenger number forecast once again amid delivery delays from boeing, but notches. >> a post-tax. >> profit beat in the third quarter. the cfo, neil sorahan, walked cnbc through the quarter. >> disappointed that we're not going to hit the traffic numbers that we. would have hoped for next year, 210 down to 206. but, you know, myself and michael were in seattle a couple of weeks ago. we've seen massive improvements on the factory over the past number of months. >> good morning everyone. we start today's show looking at us

it's not. >> all bad. >> some recovery. >> today after yesterday's. >> deep sea, deep cut to some bigtocks. but did the

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there are some that are skeptical is you know, the seo of scale a i said that he understands that deep sea has something like 50000 leading edge ships that they can't talk about because of the export restrictions that are in place by the us from what you can tell so far about how deep seek has done this. is it truly disruptive or perhaps a little deceptive? it's the, it's the, they've done it with as little as it was. this is for the climbing. i mean, maybe they've used a slightly more as it was to make it slightly better. but just the fact that the match, the same performance itself is impressive. people would say that. and so i thought it was 6 months or more behind the us. and it turns out that not the price of that with the very best of the west. so it is impressive of a big snow with that precedent that we see people take models and really reduce the amount of the computer needed to do the we saw that it would turn to a 0 to charge it to come out some work, some research as the rest of california back a bill to try to be the cloud didn't cost the $13000000.00, but chad cpg costs it co

. >> deep sea, deep cut to some big. >> tech and energy stocks. but did the tech. >> rattle rattle you? should it? we're going to ask the man some call. >> the dean of valuations. did the deep. >> tech news change. >> the power demand story. >> two big. >> companies make. >> it. >> a big deal. today we're going. >> to tell. >> you who. >> and why. >> and oh yes. >> kelly the federal reserve it. >> is their. >> first meeting. >> of. >> the year. >> and it. >> kicks off. >> with the fed. >> whisperer himself. >> david zervos. here with his hot take. >> looking forward to that as always. tech stocks are bouncing back after yesterday's big sell off, leading the market with a 1.7% gain. we're up about three quarters of a percent on the s&p, a quarter percent for the dow. and nvidia is bouncing back about 6 or 7% this afternoon. it's seen some steady gains throughout the session today. and look at this market cap back above 3 trillion. that said, it comes after it shed $589 billion in market value yesterday, the biggest one day loss for any market cap f

it's called deep sea gets released.eased that new ai chatbot it's set to perform as well as chatgpt. it led investors to sell tech stocks in the us and japan overnight to buy the chinese competition. what is all the excitement surrounding deep sea? >> well, deep sea is right now offering these chatgpt features at really a fraction of the cost. and that is what is making some on wall street very scared. right now we're looking at nvidia, who is just a powerhouse of a chip maker down 16%. usually it's the other way around. when it's up, you know, 20%, 25% maybe sometimes in a day. but we're seeing a massive sell off in the nasdaq with these tech stocks right now. and it's down some 600 points right now. and deep sea really making a name for itself just on the day one being released in the app store. number one downloaded app right now on the iphone right here. so yeah, it's going to be something to look at this whole week here, just to see if these tech stocks can rebound and if the momentum continues for deep sea. >> dee

a deep sea co spend just about $5000000.00 to develop and trade is based model that is pennies on the dollar compared to tech joins in america. for example, meta is in for $65.00 barely and it's a i initiatives. while google's parent company alphabet has started another 13000000000 opened as budget chat, gpc, which has been on the top of the charts with his liberal leaning history. rewriting a, i tossed billions more it. it's in deva president trump has most certainly take a note describing it as an eye opening baldwin from western corporations, a release of deep chic, hey i from a chinese company should be a wake up call for our industries that we need to be laser focused on competing to end and that's good because you don't have to spend as much money. i do that as a positive, as an assets. you've got to get your head around these numbers because the overnight success of deep seek is come at a huge cost for some type who is right, the ceo of in video, just last about 20000000000. the 5th, the richard amount of the world at oracle is co founder, larry ellison. he's just off the about

deep sea is a one year old startup. its ai model is similar to chatgpt. >> even in the design, even in the, you know, the layout on the desktop or on the phone. it's exactly like like what chatgpt is doing. >> but there's one key difference deep sea did it at a fraction of the price. >> companies like open ai or gemini from google. in order for them to train their models, they spend hundreds of millions of dollars. >> deep sea says it spent only $5.6 million. part of that low cost has been because deep sea has used underpowered ai chips instead of high power ai chips. >> less resources. less cost. more efficiency. >> the u.s. has restricted high power ai chips to china over national security concerns, leading deep sea to develop its model with the less expensive chips. the model is also entirely free to users, all factors that led to an historic stock selloff monday, with shares for silicon valley's nvidia tumbling 17%, the largest single day loss on record worth almost $600 billion in market value. >> essentially, thos

. >> china's deep. sea ravaging names like nvidia, broadcom. amd. >> palantir, microsoft. >> after its. r1 reasoning model reportedly. >> outperformed openai. >> and cost less than. $6 million. >> million with an. >> m to. >> design now. >> nvidia losing nearly $600 billion in market cap just today. that's the largest single. >> day loss in dollar terms ever. >> that's more than the total valuation of names like mastercard. unitedhealth and exxonmobil. the nearly 17% drop in flagship. >> ai. >> stock was its worst day since march 2020, and sent it below its 200 day moving. average for the. >> first time. >> in over two years. the move in big tech dragging the broader markets down with it. the nasdaq seeing its worst day since december 18th. the s&p down percent and a half. remarkably, the dow managing to end the day. in the green. our deirdre bosa joins us now for more on how a company few people had heard of before today. and i'm still trying to make sure i don't say wrong. could have such a big impact on the market and how much merit there is

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they're obviously concerned about the chinese ownership of deep sea. ould like. >> to bring to your attention a critical update regarding new and new ai model called deep seek. the memo says it's imperative that team members do not use deep seek ai. for work related tasks or for personal use. so that's an interesting response from the federal government. >> as well, melissa. >> and we may see that roll out through the entire military defense industrial complex. >> yeah eamon. thank you eamon javers in washington. >> the ipo market has been ice. >> cold since a record setting 2021. >> but our next guest says that. >> is about. >> to change. he's working with 30 companies he thinks are ready to go public right now. >> martinez jabari is the. co-president and head of. global growth equity at. >> general atlantic. >> martin, great to see you. great to see you. welcome to fast money. >> so what has changed in the environment. is it the new administration? >> is it just the cycle? >> we are in the market. >> yeah. >> we've been without an ipo market for three

if you see the deep sea new model. it's super impressive and it's super compute efficient. >> we're not just. >> about managing information. we're about supplying digital workers. now we're making this dave's been very excited about saving big with the comcast business 5-year price lock guarantee. five years? -five years. and he's not alone. -high five. it's five years of reliable gig speed internet. five years of advanced securit. five years of a great rate that won't change. it's back. but only for a limited time. high five. five years? -nope. comcast business 5-year price lock guarantee. powering five years of savings. powering possibilities. comcast business. something that we get to use every day. >> sometimes it's pure. >> joy to do this job. starbucks results beat on the bottom and. >> the. >> top line. despite some same store sales declining for a fourth consecutive quarter, but a little better than we thought. starbucks chairman and ceo brian niccol. yes, you probably remember him. chipotle joins us now. excus

deep sea hasn't yet been mentioned. although we are only eight minutes into the conference call here. but it sort of sits in this. >> cross section of the. >> valuation is good. >> plus. >> theoretically deep sea should help agentic ai. and that's. >> exactly what meta has. >> the third quarter. now we've talked about this. there are two in my opinion, there have been two companies that have absolutely figured out ai. it's walmart and it's facebook. and how do you say how do you figure that out? operating margins came at 48.3%. the shoe was. >> at 42%. >> which means if you know what, you're going to slow down on the revenue side. that's more than offset by the margin improvement which you're seeing in eps gains. i mean, that eps number is ridiculous, which means the stock now at an. >> all. >> time high, to your point, is still reasonably valued. and for everything i get wrong, which is a lot, facebook is one i think we've done a decent job with. >> you know, listen, this is no longer a hyper growth company. >> you jus

paddle in a few more minutes, but 1st offensive. monahan has the support deep sea consent shockwave through the global technology sector. the chinese generative a ice start ups as it can get results comparable to that of its us rivals and deliver them at a fraction of the cost and processing power. this is going to be much more accessible, especially financially to broader audience. and it really opens the plans through monetization strategies that a lot of the, you know, western iphones that has been working on developing the deep seek team says it only costs around $6000000.00 of trans artificial intelligence model. compare that to open a light decrease or a chest. the bt we spends around $3000000000.00 a year on a i training america, seen it a lot, investment boom, venture capitalist investing more than $60000000000.00 and start ups in the past year. on top of that tech firms like amazon, microsoft, alphabet, and massa or each estimate to spend between 9, which was actually nice. second lesson here in silicon valley is becoming clear that deep seats, we have use the open a i g p t for mo

and when one downloads the new deep sea product like tiktok, the user must give deep seek access to gmail accounts. >> the chinese government will have access to the information and the behavior of the companies because they're asking certain questions. that's going to be a problem in the future. >> and certain topics, such as chinese leaders histories, controversies and conflicts are strictly off limits. >> and i ask those questions. and one of the answers is, let's talk about something else that's not going to be acceptable. so this is where you see that it's weak. >> more hitches and glitches. monday morning, while deep sea basked in its worldwide glory, it also had to shut down when hackers successfully attacked it. tom vacar, ktvu fox two news. >> tonight, a new bid for tiktok is in the works to try and keep the app from being banned in the u.s, san francisco based perplexity, an ai search engine company, has proposed merging its business with tiktok and giving the u.s. government a 50% ownership. this would be part of an initial public offering of at least $300. million shares owned

asia actually up on the buzz around deep sea after it soared to the top spot on apple's app store. a chinese company. and last week it rolled out a free assistant, which uses lower cost chips and less data. now, that could challenge a widespread bet in financial markets that ai will drive investment and demand along a supply chain, from chip makers to data centres. but it also raises a lot of questions about the sky high valuation of the likes of nvidia. remember, shares of nvidia are the poster child of ai, have risen 196% since the start of 2024, and that might be one of the reasons that we're seeing the nasdaq futures come down now, analysts say may be such powerful ai technology is possible, after all, on more cost effective chips. now, little is known about deep sea and but there are lots of reviews on apple's app store and android google play store praising its transparency, and that's because its model explains its reasoning behind answers to prompts and queries. this week are so busy for profit news coming from biggest technology companies in the world, many in the united s

. >> and a deep sea freak out how a little known chinese startup is sparking chaos on wall street, rattling the foundation of artificial intelligence. we're following these major developing stories and many more, all coming in right here to cnn news central. >> today, president trump is expected to sign more executive orders to fulfill his vow to overhaul the military. cnn has learned that the president is set to ban transgender service members, wipe out the military's diversity programs and reinstate service members with back pay and benefits who were discharged for refusing to be vaccinated for covid 19. in the meantime, the trump administration's immigration crackdown is well underway. ice says that it arrested nearly a thousand people across the country on sunday alone, and texas governor greg abbott says he is sending another 400 national guard troops to the southern border to support border patrol agents. and there are more deportation flights that are expected to arrive in latin american countries today. this is video from earlier in the day. passengers arriving in guatemala after a

it comes just one day after deep sea caused a panic on wall street. chinese app works similarly to chatgpt, and it is allegedly way cheaper to program. as far as earnings reports, big companies meta, microsoft and tesla are reporting tomorrow, while apple's report comes out a little later this week. three major indexes up today after deep sea affected shares yesterday. s&p jumped 55. tech sector saw some major gains. the nasdaq up 3.91 and the dow increased by 1.36. tech giant nvidia clawed back 9% today after falling 17% yesterday. some lgbtq organizations and minority businesses are dropping target. this comes after target, which is based in minnesota, said friday it is ending its diversity, equity and inclusion goals. that includes a program focused on carrying more products from black and minority business owners. so twin cities pride, which puts on minnesota's largest pride festival, made the decision to part ws with the store. the move means the loss of $50,000 in funding, but twin cities pride says the money doesn't just help fund one of the na

deep seek they do it at a quarter of the cost, why would i pay four times in the quarter of what deep-seausing anthropic surgeon i think a lot of questions about how much power we really need. >> some companies are already switching to deep seek. >> the early switching in the going to i think you'll see competitors use a lower cost model we were not get away from needing more power we opened up a lot more capacity we thought we were hitting the limited level of cower into power capacity to do a.i. now we said we have 75% more available if you use a model to deep seek or deep seek itself. >> let me get to bitcoin which is not that effective hundred thousand dollars a coin no major selloff, 100,900. >> a little bit of a decline otherwise the risk off day bitcoin gets wrapped up in some of the stuff. when you see you go back 20 years, nvidia chips to power the money to bitcoin so many ways some of this is connected but it's nice to see the bitcoin is able to hold a key threshold level. >> this is going against the grain but google is buddy $120 million to help educate people on a.i., strange

us out in the deep sea, which has made waves with its cheapo technology. so mccain has this report from belin and providing that to the cloud. this is a i in action driverless vehicles program to use the streets of berlin along a 23 kilometer stretch of the city. it's positive, a project designed by shaheen, a biotech, that is team from the group of psyche. we have developing a systems which has some of that behavior, likely human. and we believe was that a port we can, we can develop. we can one, him, conspire all you just city. how the potential for the i r that henry can convince us society to use a i across the city at the a i campus, some of the stuff a working on a program that analyzes medical scams of patients to filter those in whom cancer may be present meaning doctors don't have to pour over every single file, but as most water is one of the leaders of the campus, you tells me the gemini needs to be much bolder in a, on a usage of the greatest a i research is coming from european researchers. but we haven't really put that into practice, like if

i mean, ignoring the fact that a number of reports say the creators of deep sea actually had stockpiled some nvidia chips before the u.s. restricted them one way or the other. nvidia fell hard this morning. deep seek doesn't appear to be a whole lot different from any other ai you may have used. the company says it's fending off fending off a cyber attack this morning, reducing the number of people can access the service. but it's still number one in the app store back in the fall of 2022 and 2023, washington started restricting foreign access to advanced american chips with the goal of preventing this. the chinese jumping ahead like they may have done with deep sea. president trump's undone a lot of president biden's orders, including removing some of biden's guardrails for the development of ai. but mr. trump has not undone biden's restrictions on the distribution of powerful american chips. now the nasdaq index is down this morning. the nasdaq gives different stocks different weights by their overall value. so their market cap nvidia by the way, one of the nation's most powerful comp

what, what deep sea does. so instead of using major expensive advantage, say i ships, china, it seems as found a super cheap way around it and it beats, and the thing that the us is produced is that right as well, it's not more accurate and more reliable. and the big problems with lambs was large language models have been around accuracy, but it is cheaper and faster. or why it shouldn't even say faster. it's cheaper to train, it uses less energy and it requires less money to train it. so it's not a change on accuracy. we still have problems with these models. they still lose today. there's still core things that haven't been worked out. but in terms of the state of the art, it's about as reliable as anything else. but it uses much less energy and it's much less expensive. okay, great. and that's a big deal. that's a big deal. so how is it possible that it took deep 6 owners only they say $6000000.00 to develop something that is better than us versions. it seems, or which billions of dollars have been spent. a

volk over thing believes much can be learned from the reason successive chinese, a ice thoughts of deep sea, which is made waves with its cheapest technology, dominant cain reports from butler and providing that to the cloud. this is a i in action driverless vehicles program to use the streets of bullying along a 23 colombo to stretch of the city. it's positive a project designed by shaheen, a biotech. that is team from the group of sexy. we have developing a systems which has some of that behavior, like a human, on the believe was that a porch we can, we can develop, we can one, him, could spy a, all you the city. how the potential of a i r that henry can convince our society to use a i across the city at the a i campus, some of the stuff a working on a program that analyzes medical scans of patients to filter on those in whom kemp. so may be present, meaning doctors don't have to pour over every single file, but as most or is one of the leaders of the campus, he tells me the gemini needs to be much bolder in a all usage of the great, it's a i research is coming from europe in a research u

but this sensation is similar to that of deep sea diving. he is holding his nose, blowing through his mouth to open up passage leading from throat here, thereby equalizing the air pressure against his eardrum. this man has now passed. his test is called sand hawk and receives the compressed air workers back, which will wear at all time. and. a case our huge steel box has been fabricated in a shipyard launch load up the river and anchored ready for sinking. muck is dug until the case settles on bedrock to which it is sealed. the case is the target card which to tunnel crude will aim as it is sunk. concrete is poured into the walls the case off and it feels gradually built up. the two rings at the top will be sunk to the bottom of the river and will part of the tunnel. meanwhile, riddle and dynamite deep land shaft sunk on both shore. and. at the bottom of each land shaft, a huge machine weighing about 400 tons is assembled. and. this is the keel the sand hugs work chamber during the long drive under the. at the front of the shield is a shock

a lot of people think that's kind of the inflection point we are seeing with deep sea. could really build these less expensive models, it's actually a boost and a tailwind for the broader ai economy. sam altman, the openai ceo he said that nvidia ceo jensen huang, despite personally losing $20 billion. he's saying the same thing. we need all the help we can get to sound smart at cocktail parties. that's right. i'm going to use that one. frank. frank, frank, that's a gift, guys. enjoy it. before i let you go, frank, just quickly, is there a chance that the markets overreacted yesterday? in other words, the reason the stock fell is because people said, oh my gosh, all this ai that companies and private equity firms invested in here in the united states is now obsolete because of deep tech. let's not count out google, meta and some of the american companies developing their own ai. well, i think the consensus is that yesterday was a knee jerk reaction and possibly an overreaction. but the question is that there's a lot of questions. again, a lot of ifs around deep sea, a l

is he going to start using deep sea? by the way, there's a separate question, which is, you know, if we think we have a problem with tiktok. >> oh, i thought this instantaneously. >> if we think we have a problem with tiktok, do we have a problem with this? now, interestingly, this is an open source model. and do your own stuff. put it on your own. >> so they're. >> not computers, right? >> unless there's something in it that we don't understand. >> you know they talk about project texas with. >> but i. >> thought you can have it on your own. >> tiktok looks like posers play compared to what this could potentially be. although this is open. i mean, this is open ai. so you can take it and source it yourself and figure something out from it so you're not storing it on their servers. >> anyway. it's fascinating. i think if you're i do think, well, i don't know, i, you know, let's we should call satya to get him back because the truth is he does need some form of ai, you know, for his copilot and all of his other software. >

index and it is suffering, as you said, as a result of that announcement by the chinese start up deep sea, which release this open a i model which reportedly has out performed open a i the pre eminent us research institute model here in the united states and that just a fraction of the cost, according to reports and costs, and less than $6000000.00 to design compared to the billions of dollars being spent here. and that has investors really questioning what they have been putting their money into and whether or not the high powered computer chips that many believe would be necessary in order to develop a i and this a i revolution are actually going to be needed. so we're seeing investors reconsider that now. and in particular, when you look at in video, the chip maker, it's stocks are down more than 16 percent. it's lost in billions of dollars today alone. as a result of the questions being raised by this revelation from the chinese company, deep sick, the us stock market is christian has been relatively strong since donald trump's election, despite concerns that his call for tires could

the emotions of a low cost artificial intelligence application built by a chinese from the deep sea app is similar to us competitors like chat g, p, p. but the edit site check only $6000000.00 to develop it compared to the bins spent on its u. s. rifles. the application is powered using far less energy than of a i saw for christmas to leave me has the reaction from new york as well. if you look at the nasdaq stock market index, you will see that it is down more than 3 percent. this is a very tech heavy stock market index and it is suffering, as you said, as a result of that announcement by the chinese start up deep sea, which release this open a i model which reportedly has out performed open a i the pre eminent us research institute model here in the united states and that just a fraction of the cost, according to reports, it costs and less than $6000000.00 to design compared to the billions of dollars being spent here. and that has investors really questioning what they have been putting their money into and whether or not the high powered computer chips that many believe would be nec

another, the deep sea uses discussion about china is leaders all sensitive issues including home comb or ty, one a currently off limits. katrina you all to 0 aging to columbia, an air force planes carrying around 200 migraine 6 spells from the us have arrived in the capital. bobo top. the salo sundays found off when columbia as president gustavo petro, barred to us plains carrying migraines from landing both countries and pose retaliatory towers on each other's goods, but reached a deal a short while after nights these prime minister says she's being faced under investigation by prosecutors in rome for re patry aging and libby and suspect wanted by the international criminal court, georgia maloney says she is suspected of aiding and abetting a crime, but says she will not be intimidated. her government released so some mastery last week on a technicality, letting him travel back to libya after detaining him for a few days, his in libya and chief of police accused by the i, c, c of rape. madder and crimes against humanity savvy as prime minister has resigned. following weeks of protest

the bulls are trying to assemble a day after that deep sea gut. >> check and the. >> nasdaq's worst day in six weeks. >> but it is. >> tentative so far as the market also wrestles with some fresh tariff warnings from the president. and now treasury secretary. robert begins with the eye stock route. >> nvidia and other. >> chip names look to. >> rebound after that deep. >> sea fueled sell off. >> plus. >> gm and boeing are among the. >> companies that have. >> reported earnings. >> this morning. >> we're going to be joined. >> exclusively by. >> the ceo of boeing. >> that will be. >> in. just a few minutes. >> the company. >> is laying out. >> its recovery plan, of course. following its largest. >> annual loss. >> since 2020. and a new partnership to. address one of the key concerns. at least it was until yesterday surrounding the ai boom. and that's the rising demand for power and the drain, of course, on the electric grid, we're going to have the ceos of chevron and ge. they're both going to join us exclusively. >> in. >> this hour. >> let's get right. >> to the markets. >> a day after

also official intelligence style, something deep sea cuz sent shock waves through the tech industry. the company says that was produced for only $6000000.00 in use as fall. last was also the newest, made valuables like top g, t, p, american semi conductor john video, last hundreds of millions of dollars and market value following the launch of deep 6. and as president trump has cooled it a wakeup, cool as well, that's it from a lower kyle, from the moment plenty more can be found on our website. those houses are don't come. then i'll be back with more news here on out to 0 of the counseling, the com, the the hello. i am pleased to say we have go somewhat quite to by the now across much of north america. let us every year with the, with the web pulling out to the why still some like effects know that just around the central kind of the spinning across into that northeast corner of the us. that little area of high pressure it down to what was the deep south. nice. this is why the system here we grass. you gotta see a king way and coming in from the gulf of mexico, bringing moist, bring

in 2023, dozens of chinese, a i models have in the since the deep sea is the 1st to compete that those creation in the us, us president donald trump says he hopes the chinese apples, the american companies to do more with less money. the release of deep chic a i from a chinese company should be a wake up call for our industries that i met through. google used to train similar applications. so with just the fraction of the cost, deep seek requires a lot less energy to run the model. and much less volta to cool is data census overall shortly us tech sector, as well as investors. so let's bring in laurie. imagine he's a ton so cheaply and so quickly with such a little compute power. it really sends a wake up call to the american. a generative ai company. yeah, cheaply. they said they did it for as little as $6000000.00. is that re likely? and i, i, i'm skeptical of those numbers again and they're coming from the chinese. it could very well not be true, but the mere fact that they're doing it so quickly is something i think people they need to be concerned with. i wouldn't call this exactl

deep sea says it only costs $5.6 million to build this new model.hat is a drop in the bucket to the hundreds of millions of dollars that the other a.i. companies says that it costs. and this new model launched, like i said, about a week ago, but it's already at the top of the charts on the apple app store, leading the way, surpassing chatgpt in terms of most downloaded apps. and the reason why this is really unnerving investors is because it is making people kind of question some of the conventional wisdom here, one, that you need to spend gobs of money to develop the best a.i. technology. and to do that, you need access to the top of the line most expensive computer chips. because remember, the biden administration imposed these export restrictions on those computer chips, preventing them from going to china. so that's raising questions about how this startup was able to do that. and it's also causing nvidia's stock price to plunge. now nvidia has been one of the superstars of the a.i. boom. it's gone so high in the last few years. but look at this

deep sea says that it only cost $5.6 million to train one of its models. that is pocket change compared to the $100 million, $2 billion that other leading a.i. models cost. and this really does raise a lot of questions here. it sort of questions some of the fundamental conventional wisdom here around the idea that it takes gobs of money to develop these a.i. models and that you need access to those highest end, most expensive computer chips from the likes of nvidia, because there are these export restrictions imposed by the biden administration on china that should prevent those chips from getting to deep sea and other chinese startups. so there's a lot of major developments in the market. and right now investors are trying to make sense of it all. jim. >> yeah, a lot of people checking their portfolios right now, no question about it. all right, matt egan, thank you very much. in the meantime, we have new reporting just in to cnn. president trump expected to sign new executive orders that will impact military service members. we're live at the pentagon ne

the walking fish of africa and various strange creatures from the deep sea. then this replica of all dearborn, somewhat south of its original location here within a long stockade, may be seen the block houses. potter magazine, trading post and living quarters. character speak of the time of the city's founding. in 1803, but this a big city and we can't expect to see chicago in terms of the and the lakefront alone to cover a wider territory. we may make of the l or of the networks of trolley and bus lines which supplemented a number of the bus services follow, the route northward along michigan boulevard and the lakeside parkway. what is called the near north side. does not however until we have crossed chicago river virtually at the point where fort dearborn was built and, the original trading post and settlement worst. this bridge, which may be opened to accommodate ships as a lower roadway for traffic not far north of the river stands the old water, a landmark and relic of the great fire of 1871. on the north bank of the river, almost at the site of the old

maria: that is the point, people are questioning whether or not they spent $6 million on deep-sea, hereth president of microsoft with me on thursday. watch. >> were spending 50 of 80 billion in the united states to build new models for and with openai to bring a.i. to the american economy, we need to bring american a.i. around the world this is one of the most important exports of american services. there is to wait close a trade deficit one is by less, the others sell more we are the leaders of the sell more american goods and services around the world. >> deep-sea claims and spent $5.6 million training the latest model, the tech companies are paying engineers $6 million according to the wall street journal this is a big disconnect millions versus billions and that's why we have a telephone stocks. >> they did on purpose or not you have access to the chips there going to say they don't matter i think they do matter they spent $6 trillion of the mag seven in the talking about worldwide in spending another 10% that is 600 billion additional dollars. money matters and certainly investment